Social Provisioning and Social Unbalances on Capitalist Development

• Autores: Carlos Aguiar de Medeiros
• Localización: Journal of Economic Issues, ISSN 0021-3624, Vol. 49, Nº. 2, 2015, págs. 535-542
• Idioma: inglés
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• Resumen

  • The paper argues along the lines of John Kenneth Galbraith in his analysis of the American “affluent society” during the “Golden Age,” when social unbalance between private wealth and public services was expanded by modern capitalism. In industrialized or developing economies, investment in public services was constrained by fiscal or ideological reasons favoring market provision. This evolution had significant impact on welfare.